NNN Optometry Center
2396 E Franklin Boulevard Gastonia, NC 28054
2396 E Franklin Boulevard, Gastonia, NC, 28054
Contact for pricing
For Sale
Contact for pricing
For sale medical center with a 10-year NNN lease to a national optometry operator.
Property Size4,370 SF
Price / SF$372
Days on Market54
Property Features for 2396 E Franklin Boulevard
General Information
- Standard status
- Active
- Size
- 4,370 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1977
Listing agency
MECA Commercial Real Estate
Listed by
Bob Clay, CCIM · License #NC 68066
Source
Crexi
Added: May 30 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 9:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MECA Commercial Real Estate
Investment Insights
Based on property information with market context.
This property is a leased medical center configured as an optometry location under a Ten (10) Year NNN lease. The lease for Elevate Eyecare originated on December 15, 2026 and is structured on a triple-net basis, placing key operating responsibilities on the tenant as described in the offering remarks.
The building is located at 2396 E. Franklin Boulevard in Gastonia, North Carolina, positioned along E. Franklin Boulevard (NC Hwy 29-74). The property is presented as an investment along this heavily traveled corridor, with visibility and access supported by its placement on the state highway.
For investors seeking a stabilized, net-leased healthcare asset, the long-term NNN structure and the presence of a multi-market optometry operator may align well with a buy-and-hold strategy or an IRC Section 1031 Exchange. The offering is available for purchase, with the current terms centered on the stated 10-year NNN lease beginning December 15, 2026.
The building is located at 2396 E. Franklin Boulevard in Gastonia, North Carolina, positioned along E. Franklin Boulevard (NC Hwy 29-74). The property is presented as an investment along this heavily traveled corridor, with visibility and access supported by its placement on the state highway.
For investors seeking a stabilized, net-leased healthcare asset, the long-term NNN structure and the presence of a multi-market optometry operator may align well with a buy-and-hold strategy or an IRC Section 1031 Exchange. The offering is available for purchase, with the current terms centered on the stated 10-year NNN lease beginning December 15, 2026.
Key Highlights
- Medical center for sale with a 10‑year NNN lease to a national optometry operator
- NNN lease originated December 15, 2026
- Property built in 1977
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.1k | $24.96 |
| − Vacancy | −$7.6k | −$1.75 |
| EGI | $101.4k | $23.21 |
| − OpEx | −$40.6k | −$9.29 |
| NOI | $60.9k | $13.93 |
4,370 SF · lease $24.96/SF/yr · vacancy 7.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$869.5K
$760.8K – $1.01M
NOI $60,864 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.20M – $1.60M
NOI $96,280 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
James R. Mason, ...
Eye Care Center
Carolina Eye
Eye Care Center
Dr. Diane Mincey
Physician
Mincey Dianne E ...
Physician
John Scott Mincey
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - For sale medical center with a 10-year NNN lease to a national optometry operator.
Where is this medical center located?
The property is located at 2396 E Franklin Boulevard Gastonia, NC.
What is the asking price?
The asking price for this property is $1,630,000.
What are key features of this property?
This property features: Medical center for sale with a 10‑year NNN lease to a national optometry operator; NNN lease originated December 15, 2026; Property built in 1977
